HIGHGeneral
Russia says OPEC+ will continue after UAE exit, no price war expected
🇷🇺 RussiaApr 30, 2026 14:37SRC: AL MONITOR
INTELLIGENCE SUMMARY
By Vladimir Soldatkin and Anton Kolodyazhnyy MOSCOW, April 30 (Reuters) - Russia's Deputy Prime Minister Alexander Novak said on Thursday that the OPEC+ group of leading oil producers would continue working together despite the departure of the United Arab Emirates, Russian news agencies reported. According to the reports, Novak said he did not expect an oil price war to emerge following the UAE's exit given a global oil deficit.
DETAILED REPORT
<p>By Vladimir Soldatkin and Anton Kolodyazhnyy</p><p>MOSCOW, April 30 (Reuters) - Russia's Deputy Prime Minister Alexander Novak said on Thursday that the OPEC+ group of leading oil producers would continue working together despite the departure of the United Arab Emirates, Russian news agencies reported.</p><p>According to the reports, Novak said he did not expect an oil price war to emerge following the UAE's exit given a global oil deficit.</p>
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